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Stock impact report

Frank’s International N.V. Announces First Quarter 2021 Results

Frank's Intl NV (FI)  More Company Research Source: GlobeNewswire
Last frank's intl nv earnings: 2/25 07:00 am Check Earnings Report
PDF HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) -- Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three months ended March 31, 2021. First Quarter 2021 Financial Highlights Delivered first quarter revenue of $94.8 million, in line with expectations and fourth quarter 2020 revenue of $96.3 million.First quarter net loss totaled $23.9 million driven by merger and acquisition expense, higher tax expense, and foreign currency losses from a strengthening U.S. dollar.Generated Adjusted EBITDA of $6.7 million for the first quarter of 2021, an improvement of 44.1% compared to the prior period, driven by higher customer activity levels in both our Tubular Running Services and Cementing Equipment segments.Extended our position in the U.S. Gulf of Mexico with multi-year contract extension award and technology package upgrades.Announced a strategic combination with Expro Group to create leading energy services company with pr [Read more]
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